Tower moves towards approval. Polygon’s 33-storey, 253 unit tower at Dow and Beresford in Metrotown.

Colliers has acted on behalf of the Vendor in the sale of 3880 Oak Street, a 6,177 sq ft strip retail centre at Oak and West 23rd in Vancouver. The property is fully leased to Rackets & Runners, Subway and several local tenants. The centre is zoned C-2 and has long-term redevelopment potential. The purchase price was $4,686,000, or $759 per SF.

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PCI Group, which has undertaken several successful mixed-use developments including Crossroads, and the currently under development Marine Gateway, have acquired the former Canadian Tire site at 1460 East Hastings Street at McLean Drive in East Vancouver.

The current zoning is MC-1 industrial; however, it is expected that PCI will propose to rezone the site for a mix of uses. Stay tuned for more information.

Wanson Developments has applied to the City of Vancouver to rezone 6361-6385 Cambie Street from RT-1 to CD-1. The proposal is for a 70-unit residential and retail building, with 8-storeys facing Cambie Street and 2-storeys facing the lane to a height 95 feet.

The proposed project would be comprised of 55,666.3 sq. ft. of residential 2,852.5 sq. ft. of commercial area, with a floor space ratio (FSR) of 3.56. Underground parking is proposed for over 80 stalls.

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